Bill Text: TX HB3073 | 2019-2020 | 86th Legislature | Introduced

Texas House Bill 3073 (Prior Session Legislation)

Introduced

Bill Title: Relating to a joint interim study regarding the spreading of risk and costs related to certain natural disasters across the state by property and casualty insurance companies.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2019-04-01 - Left pending in committee [HB3073 Detail]

Download: Texas-2019-HB3073-Introduced.html

	86R14229 PMO-D

	By: King of Hemphill	H.B. No. 3073



	A BILL TO BE ENTITLED
	AN ACT
	relating to a joint interim study regarding the spreading of risk
	and costs related to certain natural disasters across the state by
	property and casualty insurance companies.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. JOINT INTERIM COMMITTEE. (a) A joint interim
	committee is created to study the spreading of risk and costs
	related to certain natural disasters across the state by property
	and casualty insurance companies.
	(b) The committee shall be composed of:
	(1) two senators appointed by the lieutenant governor;
	(2) two representatives appointed by the speaker of
	the house of representatives; and
	(3) one member appointed by the governor who shall
	serve as the committee's presiding officer.
	(c) The committee shall convene at the call of the presiding
	officer.
	(d) The committee has all other powers and duties provided
	to a special or select committee by the rules of the senate and
	house of representatives, by Subchapter B, Chapter 301, Government
	Code, and by policies of the senate and house committees on
	administration.
	(e) The members of the committee are entitled to
	reimbursement from the contingent expense fund of the senate and
	the contingent expense fund of the house of representatives equally
	for expenses incurred in carrying out the provisions of this
	section in accordance with the rules of the senate and house of
	representatives and the policies of the senate and house committees
	on administration.
	(f) Not later than the 60th day after the effective date of
	this Act, the lieutenant governor, the speaker of the house of
	representatives, and the governor shall appoint the members of the
	interim committee created under this section.
	SECTION 2. STUDY. The committee created under Section 1 of
	this Act shall, with respect to property and casualty insurance
	companies engaged in the business of insurance in this state,
	study:
	(1) the amount of insured risk across this state;
	(2) the losses incurred as a result of localized
	natural disasters in this state; and
	(3) the impact the losses described by Subdivision (2)
	have on the availability and cost of property and casualty
	insurance in areas of this state not directly affected by natural
	disasters.
	SECTION 3. FINDINGS AND RECOMMENDATIONS. Not later than
	January 15, 2021, the committee created under Section 1 of this Act
	shall report the committee's findings and recommendations to the
	lieutenant governor, the speaker of the house of representatives,
	and the governor. The committee shall include in its
	recommendations specific statutory changes, including changes to
	Chapter 2251, Insurance Code, that may appear necessary or
	advisable from the committee's study under Section 2 of this Act.
	SECTION 4. EXPIRATION. This Act expires September 1, 2021.
	SECTION 5. EFFECTIVE DATE. This Act takes effect September
	1, 2019.